Coil Coatings Market Size & Share, by Resin Type (Polyester, Fluoropolymer, Siliconized Polyester, Polyvinylidene Fluoride, Polyurethane, Plastisol); Application (Steel, Aluminium); End-user (Building & Construction, Industrial & Domestic Appliances, Consumer Durable Goods, Furniture, Automotive, HVAC) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 389
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

Coil Coatings Market size is estimated to garner a significant revenue by the end of 2033, growing at a CAGR of 9% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of coil coatings was over USD 5 Billion.  The growth of the market is primarily attributed to the rising penetration of coil coatings in various industries such as construction, automotive and other industries, and rapid growth in manufacturing industry across the globe. For instance, global manufacturing output is expected to be worth around USD43 trillion by the end of 2022.

Coil coatings are a technique for coating and painting metal sheets like steel and aluminium. Polyester, silicone-modified polyester, polyvinylidene fluoride (PVDF), and other materials are used to make these coil coatings. These coats are available in various ranges of colors and finishes. Coil coating system consists of top coat, back coat and primer. This coating system is substituting the traditional process of manufacturing of metal coils. Coil coating system is widely adopted by industries owing to the various factors such as higher productivity, anti-corrosion, low thermal conductivity, and low impact on environment. Furthermore, rising use of polyvinylidene fluoride (PVDF) coatings in areas such as electric vehicles is anticipated to boost the market growth over the forecast period. For instance, PVDF, as one of the most vital polymeric materials with numerous scientific and technological applications, exhibits five crystalline polymorphs with α, β, γ, δ and ε phases obtained through various processing methods. Among them, phase PVDF has exceptional electronic characteristics such as piezo-, pyro-, and ferroelectric properties. These electroactive characteristics have become increasingly important in a variety of applications, including energy storage, spin valve devices, biomedicine, sensors, and smart scaffolds.


Coil-Coatings-Market
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Coil Coatings Sector: Growth Drivers and Challenges

Growth Drivers

  • Worldwide Growth in Coating Industry – Immense industrialization, and increasing use of coatings in various industries to paint or coat goods is fueling up the demand for coil coatings. For instance, in 2020, the worldwide paint and coating industry was anticipated to be worth of approximately USD 155 billion.
  • Rising Use of Alloy, Metals, and Steel – Increasing use of alloy, metals and specially steel in pipelines, reactors is becoming a strong growth factor of coil coatings market. As per a report, the production of crude steel was reached nearly 1950 million tons in 2021. Whereas use of steel (in its finished form) touched the figure of around 1832 million tons in the same year. 
  • Significant Increase in Construction Industry - In 2019, the global construction industry generated nearly USD 2.1 trillion revenue.
  • Boost in Automotive Industry - The global automotive industry is expected to generate nearly USD 1.7 trillion in revenue by the end of 2030.
  • Worldwide Expansion in Chemical Industry – For instance, in 2021, the global chemical industry generated approximately USD 4.80 trillion revenue.

Challenges

  • Increasing Cost of Raw Materials of Coil Coatings
  • Growing Demand for Lightweight Materials in Automotive Industry
  • Storage and Transportation Hurdles

Coil Coatings Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

9%

Base Year Market Size (2022)

 USD 5 Billion

Forecast Year Market Size (2033)

USD XX.X Billion

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Coil Coatings System Segmentation

End-user (Building & Construction, Industrial & Domestic Appliances, Consumer Durable Goods, Furniture, Automotive, HVAC)

The coil coatings market is segmented and analyzed for demand and supply by end-user into building & construction, industrial & domestic appliances, consumer durable goods, furniture, automotive, HVAC, and others. Out of these, the automotive segment is projected to significantly grow over the forecast period on the back of the rising production of passenger cars, and massive use of coil coatings in automotive industry. For instance, Indian automotive industry is projected to hit the mark of approximately USD 305 billion by the 2026 with an estimated production volume nearly 75 million units.

Our in-depth analysis of the global market includes the following segments:

         By Resin Type

  • Polyester Coil Coatings
  • Fluoropolymer
  • Siliconized Polyester
  • Polyvinylidene Fluoride
  • Polyurethane
  • Plastisol Coil Coatings
  • Others

         By Application

  • Steel
  • Aluminium

         By End-User

  • Building & Construction
  • Industrial & Domestic Appliances
  • Consumer Durable Goods
  • Furniture
  • Automotive
  • HVAC
  • Others

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Coil Coatings System Industry - Regional Synopsis

Regionally, the global coil coatings market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America is projected to hold the largest market share by the end of 2033 backed by the surging use of coil coatings in manufacturing of furniture, and the significant growth of construction sector in the region. For instance, construction operations in North America are expected to grow around 2.6% in 2022, reaching nearly USD 1.96 trillion, higher from USD 1.90 trillion in 2021.

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Companies Dominating the Coil Coatings System Landscape

top-features-companies
    • DuPont de Nemours, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • PPG Industries, Inc.
    • Henkel AG & Co. KGaA
    • Akzo Nobel N.V.
    • Kansai Paint Co., Ltd.
    • Eastman Chemical Company
    • Nippon Paint Holdings Co., Ltd.
    • Axalta Coating Systems, LLC
    • Goldin Metals, Inc.
    • Northern Coatings and Chemical Co.

In-the-news

In The News

  • Nippon Paint Holdings Co., Ltd. launched two water-based antiviral and antibacterial paint products, "PROTECTON Floor VK Clear" for floors and "PROTECTON Interior Wall VK Coat" for interior walls. The products maintain excellent durability, reducing viruses by 99% or more after cleaning with wet wipes.
  • DuPont de Nemours, Inc. acquired the Laird Performance Materials, a world leader in high-performance electromagnetic shielding and thermal management solutions.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 389
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Worldwide growth in coating industry, rising use of alloy, metals, and steel, significant increase in construction industry, and boost in automotive industry are some major factors driving the growth of the market.

The market is anticipated to attain a CAGR of 9% over the forecast period, i.e., 2023-2033.

Increasing cost of raw materials of coil coatings, growing demand for lightweight materials in automotive industry, and storage and transportation hurdles are estimated to hamper the market growth.

The market in North America is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are DuPont de Nemours, Inc., PPG Industries, Inc., Henkel AG & Co. KGaA, Akzo Nobel N.V., Kansai Paint Co., Ltd., Eastman Chemical Company, and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by resin type, application, end-user, and by region.

The automotive segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Coil Coatings Market Report Scope
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